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Experimental Evidence of Efficiency and Equity of Posted Price Markets for Irrigation Water

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  • Jeong, Dawoon
  • Sesmero, Juan Pablo
  • Reeling, Carson

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  • Jeong, Dawoon & Sesmero, Juan Pablo & Reeling, Carson, 2023. "Experimental Evidence of Efficiency and Equity of Posted Price Markets for Irrigation Water," 2023 Annual Meeting, July 23-25, Washington D.C. 335840, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:335840
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    File URL: https://ageconsearch.umn.edu/record/335840/files/26852.pdf
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    References listed on IDEAS

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    1. Broadbent, Craig D. & Brookshire, David S. & Coursey, Don & Tidwell, Vince, 2014. "An experimental analysis of water leasing markets focusing on the agricultural sector," Agricultural Water Management, Elsevier, vol. 142(C), pages 88-98.
    2. Kenneth Burdett & Shouyong Shi & Randall Wright, 2001. "Pricing and Matching with Frictions," Journal of Political Economy, University of Chicago Press, vol. 109(5), pages 1060-1085, October.
    3. Manolis Galenianos & Philipp Kircher, 2012. "On The Game‐Theoretic Foundations Of Competitive Search Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(1), pages 1-21, February.
    4. Helland, Leif & Moen, Espen R. & Preugschat, Edgar, 2017. "Information and coordination frictions in experimental posted offer markets," Journal of Economic Theory, Elsevier, vol. 167(C), pages 53-74.
    5. Marianne Lefebvre & Lata Gangadharan & Sophie Thoyer, 2012. "Do Security-Differentiated Water Rights Improve the Performance of Water Markets?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(5), pages 1113-1135.
    6. Nguyen, N.P. & Shortle, J.S. & Reed, P.M. & Nguyen, T.T., 2013. "Water quality trading with asymmetric information, uncertainty and transaction costs: A stochastic agent-based simulation," Resource and Energy Economics, Elsevier, vol. 35(1), pages 60-90.
    7. Timothy N. Cason & Daniel Friedman, 1997. "Price Formation in Single Call Markets," Econometrica, Econometric Society, vol. 65(2), pages 311-346, March.
    8. Ereney Hadjigeorgalis, 2009. "A Place for Water Markets: Performance and Challenges," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 50-67.
    9. Adam Loch & Henning Bjornlund & Sarah Wheeler & Jeff Connor, 2012. "Allocation trade in Australia: a qualitative understanding of irrigator motives and behaviour," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(1), pages 42-60, January.
    10. Robert Brooks & Edwyna Harris & Yovina Joymungul, 2013. "Price clustering in Australian water markets," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 677-685, February.
    11. Harrison, Glenn W, 1989. "Theory and Misbehavior of First-Price Auctions," American Economic Review, American Economic Association, vol. 79(4), pages 749-762, September.
    12. David Yoskowitz, 2002. "Price Dispersion and Price Discrimination: Empirical Evidence from a Spot Market for Water," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 20(3), pages 283-289, May.
    13. Charles Regnacq & Ariel Dinar & Ellen Hanak, 2016. "The Gravity of Water: Water Trade Frictions in California," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(5), pages 1273-1294.
    14. Peters, Michael, 1991. "Ex Ante Price Offers in Matching Games Non-steady States," Econometrica, Econometric Society, vol. 59(5), pages 1425-1454, September.
    15. Davis, Douglas D. & Williams, Arlington W., 1990. "Market power and the institutional asymmetry of the posted offer trading institution," Economics Letters, Elsevier, vol. 34(3), pages 211-214, November.
    16. Carey, Janis & Sunding, David L. & Zilberman, David, 2002. "Transaction costs and trading behavior in an immature water market," Environment and Development Economics, Cambridge University Press, vol. 7(4), pages 733-750, October.
    17. Andrew Kloosterman, 2016. "Directed search with heterogeneous firms: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 51-66, March.
    18. Chen, Daniel L. & Schonger, Martin & Wickens, Chris, 2016. "oTree—An open-source platform for laboratory, online, and field experiments," Journal of Behavioral and Experimental Finance, Elsevier, vol. 9(C), pages 88-97.
    19. Timothy N. Cason & Charles Noussair, 2007. "A Market With Frictions In The Matching Process: An Experimental Study," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(2), pages 665-691, May.
    20. Marianne Lefebvre & Lata Gangadharan & Sophie Thoyer, 2012. "Do Security-Differentiated Water Rights Improve the Performance of Water Markets?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(5), pages 1113-1135.
    21. James D. Montgomery, 1991. "Equilibrium Wage Dispersion and Interindustry Wage Differentials," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(1), pages 163-179.
    22. Ereney Hadjigeorgalis, 2009. "A Place for Water Markets: Performance and Challenges," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 50-67.
    23. Andrew Kloosterman, 2016. "Directed search with heterogeneous firms: an experimental study," Experimental Economics, Springer;Economic Science Association, vol. 19(1), pages 51-66, March.
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    Keywords

    Resource/Energy Economics and Policy; Research Methods/Statistical Methods; Institutional and Behavioral Economics;
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